What are the benefits of UPBTC?
The Universal Protocol Platform is creating a common universal language that allows distinct blockchains and token-based projects to interact freely and frictionlessly. Unlike other initiatives designed to make Bitcoin interoperable with Ethereum, UPBTC differs in a few important respects.
- UPBTC is architected with institutional level security in mind. Attackers cannot create arbitrary new proxy tokens to spend on the networks. The Universal Protocol Platform contains a request system that can manage whitelists and revoke access to address critical security issues associated with compromised keys.
- UPBTC works seamlessly with the Universal Protocol Token (UPT), designed to allow for quick, low cost conversion of UPBTC to Bitcoin and other digital assets.
- UPBTC is designed as a smart bookkeeping system that logs deposits and withdrawals on a smart contract.
Read more about UPBTC on our blog.